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Social Media Guidelines and Disclosures

Thank you for visiting! Our goal in social media is to deliver timely insight and perspective from our investment teams, economists, and senior leaders, and to participate in conversation around topics important to investors and advisors. We welcome lively discussion surrounding our posts and look forward to staying connected.

Given the regulations governing our industry, below are some important guidelines and disclosures that govern our participation in social channels, and how we interact with you. Please read them carefully.

Comment Guidelines

OppenheimerFunds does not endorse any comments other than those we post ourselves. Because of the nature of product-specific speech, and regulations governing recommendations or financial advice, we will have to remove any comment with specific mention of securities or mutual funds.

Many investors may not know that dispensing financial advice is a regulated activity. General discussions on the market are appropriate, but specific mention of investment testimonials or strategies is not permitted.

If your comment includes personal information beyond your name, or any information regarding your portfolio, we unfortunately cannot allow it on our social media platforms. These platforms are public spaces, and common sense should prevail. For specific questions about your account or other customer-service related inquiries, please contact OppenheimerFunds directly at 1.800.CALL.OPP (225.5677).

Our goal is to host conversation that is relevant and valuable to our audience. To facilitate this, we ask that you keep your comments within the purposes of the posts made on our individual social platforms. Any comment that is clearly off-topic, makes unsupported claims, or promotes unrelated content or spam will be removed. It should go without saying, but please refrain from inappropriate or abusive language, or personal attacks.

While we welcome constructive criticism and encourage debate, we may also block, in our sole discretion, any commenter who continues to post material contrary to the guidelines set forth above.

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Posts from OppenheimerFunds represent the opinions of OppenheimerFunds and are not intended as investment advice or to predict or depict performance of any investment. These views are as of the date they are posted and are subject to change based on the subsequent developments.

Facebook, Twitter, LinkedIn, YouTube, SlideShare, Google, and our other syndication partners are owned by third parties unaffiliated with OppenheimerFunds. OppenheimerFunds, Inc. and OppenheimerFunds Distributor, Inc. are not responsible for the terms of use or privacy or security policies of these platforms, or other third party sites that may be linked to on OppenheimerFunds social media pages. It is important that users recognize their participation and usage on these third party sites is at their own risk.

The information on our social media channels is for U.S. residents only. The information on our social media channels does not constitute an offer to sell, or a solicitation of an offer to purchase the Oppenheimer funds outside of the United States. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.

Mutual funds are subject to market risk and volatility. Shares may gain or lose value.

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OppenheimerFunds Distributor, Inc. provides this service as a convenience to you, and will not use or collect any of this information for any marketing purposes. By using this service, you agree to input your real e-mail address and to only send it to individuals that you know. It may be a violation of law to falsely identify yourself in an e-mail. You also agree that you are solely responsible as the sender of this e-mail.

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Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's
investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses
contain this and other information about the funds, and may be obtained by asking your financial
advisor, visiting oppenheimerfunds.com, or calling 1.800.525.7048.
Read prospectuses and summary prospectuses
carefully before investing.